| SC Arguments: [Name:SC_ACTION Type:uint64 Value:'1' Name:SC_CODE Type:string Value:'FUNCTION initialize()
' Check that pool has not already been initialized
10 IF EXISTS(SCID()) THEN RETURN 1
' Accept input of owner address, pool parameters, and fee rate
20 DIM ownerAddress as String
30 DIM borrowRate as Uint64
40 DIM maintenanceMargin as Uint64
45 DIM feeRate as Uint64
47 ownerAddress = LOAD("ownerAddress")
49 borrowRate = LOAD("borrowRate")
51 maintenanceMargin = LOAD("maintenanceMargin")
53 feeRate = LOAD("feeRate")
' Validate input
60 IF !IS_ADDRESS_VALID(ownerAddress) THEN RETURN 2
70 IF borrowRate <= 0 THEN RETURN 3
80 IF maintenanceMargin <= 0 THEN RETURN 4
90 IF feeRate <= 0 THEN RETURN 5
' Set pool parameters and owner
100 BORROW_RATE = borrowRate
110 MAINTENANCE_MARGIN = maintenanceMargin
120 FEE_RATE = feeRate
130 OWNER = ownerAddress
' Return success message
140 RETURN 0
END FUNCTION
' Function to deposit collateral into the pool
FUNCTION deposit()
' Accept input of collateral asset and amount
10 DIM asset as Uint64
20 DIM amount as Uint64
23 asset = LOAD("asset")
26 amount = LOAD("amount")
' Validate input
30 IF asset <= 0 THEN RETURN 1
40 IF amount <= 0 THEN RETURN 2
' Calculate fee and subtract it from the deposit amount
50 DIM fee as Uint64
53 fee = FEE_RATE * amount
56 amount = amount - fee
' Check that user has sufficient balance of collateral asset
60 DIM balance as Uint64
65 balance = TOKENVALUE(asset, SCID())
70 IF balance < amount THEN RETURN 3
' Update user's balance and pool's total collateral
80 ADD_VALUE(asset, SCID(), -amount)
90 ADD_VALUE(asset, SCID(), amount)
' Return success message
100 RETURN 0
END FUNCTION
' Function to withdraw collateral from the pool
FUNCTION withdraw()
' Accept input of collateral asset and amount
10 DIM asset as Uint64
20 DIM amount as Uint64
23 asset = LOAD("asset")
26 amount = LOAD("amount")
' Validate input
30 IF asset <= 0 THEN RETURN 1
40 IF amount <= 0 THEN RETURN 2
' Check that user has sufficient collateral in the pool
50 DIM balance as Uint64
55 balance = TOKENVALUE(asset, SCID())
60 IF balance < amount THEN RETURN 3
' Calculate withdrawal fee
70 DIM fee as Uint64
75 fee = FEE_RATE * amount
' Check that user has sufficient balance to cover the fee
80 DIM availableBalance as Uint64
85 availableBalance = TOKENVALUE(COLLATERAL_ASSET, SCID())
90 IF availableBalance < fee THEN RETURN 4
' Update user's balance and pool's total collateral and fee balance
100 ADD_VALUE(asset, SCID(), -amount)
110 ADD_VALUE(asset, SCID(), amount)
120 ADD_VALUE(COLLATERAL_ASSET, SCID(), -fee)
130 ADD_VALUE(COLLATERAL_ASSET, SCID(), fee)
' Return success message
140 RETURN 0
END FUNCTION
' Function to borrow an asset from the pool
FUNCTION borrow()
' Accept input of borrowed asset and amount
10 DIM asset as Uint64
20 DIM amount as Uint64
23 asset = LOAD("asset")
26 amount = LOAD("amount")
' Validate input
30 IF asset <= 0 THEN RETURN 1
40 IF amount <= 0 THEN RETURN 2
' Check that pool has sufficient supply of borrowed asset
50 DIM supply as Uint64
55 supply = TOKENVALUE(asset, SCID())
60 IF supply < amount THEN RETURN 3
' Check that user has sufficient collateral to cover the borrow
70 DIM collateral as Uint64
75 collateral = TOKENVALUE(COLLATERAL_ASSET, SCID())
80 DIM requiredCollateral as Uint64
85 requiredCollateral = BORROW_RATE * amount
90 IF collateral < requiredCollateral THEN RETURN 4
' Update user's balance and pool's total borrowed assets and total collateral
100 ADD_VALUE(asset, SCID(), amount)
110 ADD_VALUE(asset, SCID(), -amount)
120 ADD_VALUE(COLLATERAL_ASSET, SCID(), -requiredCollateral)
130 ADD_VALUE(COLLATERAL_ASSET, SCID(), requiredCollateral)
' Return success message
140 RETURN 0
END FUNCTION
' Function to repay a borrowed asset
FUNCTION repay()
' Accept input of borrowed asset and amount
10 DIM asset as Uint64
20 DIM amount as Uint64
23 asset = LOAD("asset")
26 amount = LOAD("amount")
' Validate input
30 IF asset <= 0 THEN RETURN 1
40 IF amount <= 0 THEN RETURN 2
' Check that user has sufficient balance of borrowed asset
50 DIM balance as Uint64
55 balance = TOKENVALUE(asset, SCID())
60 IF balance < amount THEN RETURN 3
' Update user's balance and pool's total borrowed assets and total collateral
70 ADD_VALUE(asset, SCID(), -amount)
80 ADD_VALUE(asset, SCID(), amount)
' Return success message
90 RETURN 0
END FUNCTION
' Function to liquidate a user's collateral
FUNCTION liquidate()
' Accept input of user's address
10 DIM userAddress as String
15 userAddress = LOAD("userAddress")
' Validate input
20 IF !IS_ADDRESS_VALID(userAddress) THEN RETURN 1
' Check that user has sufficient collateral in the pool
20 DIM collateral as Uint64
25 collateral = TOKENVALUE(COLLATERAL_ASSET, userAddress)
30 IF collateral <= 0 THEN RETURN 2
' Check that user's collateral has fallen below the maintenance margin
40 DIM borrowed as Uint64
45 borrowed = TOKENVALUE(BORROWED_ASSET, userAddress)
50 DIM requiredCollateral as Uint64
55 requiredCollateral = BORROW_RATE * borrowed
60 IF collateral >= requiredCollateral * MAINTENANCE_MARGIN THEN RETURN 3
' Sell user's collateral on the market
70 DIM sellPrice as Uint64
75 sellPrice = MARKET_PRICE(COLLATERAL_ASSET)
80 DIM sellAmount as Uint64
85 sellAmount = collateral
90 SEND_DERO_TO_ADDRESS(ADDRESS_RAW(userAddress), sellAmount * sellPrice)
' Update user's balance and pool's total collateral
100 ADD_VALUE(COLLATERAL_ASSET, userAddress, -collateral)
110 ADD_VALUE(COLLATERAL_ASSET, SCID(), collateral)
' Return success message
120 RETURN 0
END FUNCTION
' Function to set pool parameters
FUNCTION setParameters()
' Check that caller is owner of the pool
10 DIM caller as String
15 caller = SIGNER()
20 IF caller != OWNER THEN RETURN 1
' Accept input of new parameters
30 DIM newBorrowRate as Uint64
40 DIM newMaintenanceMargin as Uint64
43 newBorrowRate = LOAD("borrowRate")
46 newMaintenanceMargin = LOAD("maintenanceMargin")
' Validate input
50 IF newBorrowRate <= 0 THEN RETURN 2
60 IF newMaintenanceMargin <= 0 THEN RETURN 3
' Update pool parameters
70 BORROW_RATE = newBorrowRate
80 MAINTENANCE_MARGIN = newMaintenanceMargin
' Return success message
90 RETURN 0
END FUNCTION
'] |
